Thai Rung Union Car PCL (BKK:TRU) ROCE % : 8.50% (As of Mar. 2024)

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What is Thai Rung Union Car PCL ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Thai Rung Union Car PCL's annualized ROCE % for the quarter that ended in Mar. 2024 was 8.50%.

Thai Rung Union Car PCL ROCE % Historical Data

The historical data trend for Thai Rung Union Car PCL's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thai Rung Union Car PCL ROCE % Chart

Thai Rung Union Car PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.38

-2.44

3.18

13.51

5.68

Thai Rung Union Car PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															12.14	10.12	2.86	5.55	8.50

Thai Rung Union Car PCL ROCE % Calculation

Thai Rung Union Car PCL's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	216.52	/	( ( (4319.617 - 509.734)	+	(4366.572 - 552.571) )	/ 2 )
	=	216.52	/	( (3809.883	+	3814.001)	/ 2 )
	=	216.52	/	3811.942
	=	5.68 %

Thai Rung Union Car PCL's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	327.416	/	( ( (4366.572 - 552.571)	+	(4411.278 - 522.161) )	/ 2 )
	=	327.416	/	( ( 3814.001	+	3889.117 )	/ 2 )
	=	327.416	/	3851.559
	=	8.50 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Thai Rung Union Car PCL (BKK:TRU) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Thai Rung Union Car PCL ROCE % Related Terms

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Thai Rung Union Car PCL (BKK:TRU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Thai Rung Union Car PCL (BKK:TRU) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

304, Marcharoen Road, Khwaeng Nongkangploo, Khet Nongkaem, Bangkok, THA, 10160

Website

http://www.thairung.co.th

Thai Rung Union Car PCL is engaged in car assembly and modification, and the manufacture and distribution of parts and molds. It operates in the segments of Car assembly and other related car services; Manufacture of equipment for the production of car accessories (comprising the manufacture of molds and jigs and manufacture and sales of car accessories and spare parts), which is the key revenue generating segment; and Sales of cars, and a car service centre business.